Out of the EU countries, Cyprus, Malta and Romania have the highest values, over 20% (the EU average is 5.8%) of the Water Exploitation Index (WEI), 20% being the threshold from which the index shows water deficit, writes on Friday Eurostat, the statistics office of the EU. The Water Exploitation Index (WEI+) measures total freshwater consumption as a percentage of renewable freshwater resources (groundwater and surface water) at a given time and place. It quantifies how much water is abstracted and how much water returns to the environment after use. The difference between water abstraction and return is considered as water use and illustrates the pressure on renewable freshwater resources due to water demand. It is true, the regional differences and the seriousness of the water deficit during summer months are not visible in these annual national average values. Last year, one of the engines for inflation in Romania was the lack of products due to lengthy drought. In Romania, a World Bank report shows that water suppliers do not have the training and the capacity to manage droughty periods. Thus, during the drought of 2022, the Romanian Water Association and the National Authority for Regulation for Community Services for Public Utilities – ANRSC received several referrals to services suppliers in Romania with regards to the challenges they face to keep water supply. The Romanian officials say that safe drinkable water supply needs more work during droughts, but supplementary personnel hiring is not possible. Starting with 1951, Romania has passed through several prolonged droughty periods and two droughts at national level (2012 and 2022). The drought indicators for medium and long terms show that Romania has experienced longer periods of drought at least for three times between 1951 and 2022. We mention the fact that 22nd March is the World Water Day.
Rubik Hub is refocusing this year’s edition of its international scaling accelerator, Rubik Scale, from the US to the UK. The organization has opened two spots for seed-stage startups that aim to expand in the UK. Applications are open until April 10 on the official website. “Just like startups, we need to keep a close […]
Jason Derulo, the international music star known for hits like “Wiggle” and “Talk Dirty,” is set to make his debut in Romania at the FOMO – Festival Of Modern Owners. However, he’s not performing this time but sharing his entrepreneurial insights as a speaker. At the event in Romania, the music superstar, who has sold […]
Impact Hub Bucharest and Startarium have launched Startup Impact Lab, a new program aimed at supporting Romanian startups in their growth stages. The initiative responds to the challenges faced by entrepreneurs who struggle to secure investment, often relying on personal funds during both the establishment and development phases of their businesses. Startup Impact Lab provides […]
Symmetrica, the leading producer of vibropressed paving stones and curbs in Romania, is set to complete its new factory in Bolintin Vale, near Bucharest, this summer. The facility represents a EUR 50 million investment and will become the largest production unit for concrete pavers and slabs in the company's network, as well as the largest […]
Infosan, the only private ophthalmopediatric hospital in Romania, has been accredited by the National Authority for Quality Management in Health (ANMCS) with Category II, “Accredited with recommendations,” the highest standard achieved so far by healthcare facilities in our country. This accreditation confirms the hospital’s commitment to patient safety, the quality of medical care, and continuous […]
Real estate developer Iulius is set to invest approximately EUR 80 million in remodeling the Palas Iași mixed-use complex based on a concept by Foster + Partners. This marks the world-acclaimed architecture firm's first project implemented in Romania. The upcoming EUR 80 million transformation of Palas Iași will raise to over EUR 520 million the […]
